GIL Q4 & FY 2012-13 Performance Update - Alpha...

1 I Godrej Industries Limited I Q4 & FY 2012-13 | Performance Update | May-28-2013

Q4 & FY 2012-13 - PERFORMANCE UPDATE

May 28, 2013


“Some of the statements in this communication may be ‘forward looking statements’

within the meaning of applicable laws and regulations. Actual results might differ

substantially or materially from those expressed or implied. Important developments

that could affect the Company’s operations include changes in industry structure,

significant changes in political and economic environment in India and overseas, tax

laws, import duties, litigation and labour relations.”

DISCLAIMER


AGENDA

• Results

• Financial Highlights – Consolidated

• Segment Performance

• Business Performance

• Performance highlights including Subsidiaries and Associates

• Other information


FINANCIAL HIGHLIGHTS – CONSOLIDATED


FINANCIAL HIGHLIGHTS - CONSOLIDATED

Particulars (` crore)

Q4FY

2012 -13

Q4FY

2011-12

% Growth FY

2012 -13FY

2011-12

% Growth

Total Income * 1472 1479 -- 7198 5804 24%

PBDIT * 118 87 35% 596 457 30%

Depreciation 16 13 60 56

Interest 24 29 110 111

PBT * 78 45 73% 426 290 47%

Net Profit 94 43 119% 391 292 34%

* Including other income and exceptional items


CONSOLIDATED RESULTS – SEGMENT PERFORMANCE


23%

39%18%

6%6% 8%

CHEMICALS ANIMAL FEEDs

VEGOILS ESTATE & PROPERTY DEVELOPMENT

FINANCE & INVESTMENTS OTHERS

21

38

-1

93

4 0

SEGMENT-WISE CONTRIBUTION TO FINANCIALS:Q4 FY2012-13

329

553

156

295

7132

Revenue* (` Crore) PBIT (` Crore)

*net of inter-segment revenue


22%

36%17%

6%5%6% 8%

CHEMICALS ANIMAL FEEDs

VEGOILS ESTATE & PROPERTY DEVELOPMENT

BEVERAGES & FOODS FINANCE & INVESTMENTS

OTHERS

66

124

49

262

-18

191

30

SEGMENT-WISE CONTRIBUTION TO FINANCIALS:FY2012-13

1324

23231655

97381

201 641

Revenue* (` Crore) PBIT (` Crore)

*net of inter-segment revenue


BUSINESS PERFORAMCE: Performance Highlights incl. subsidiaries, JVs and Associates


OUR “CREATE” GROUP PORTFOLIO STRATEGY

Consumer & Chemicals

Real

Estate

Agri

Transformation

Emergent

4 core businesses

Drive to full potentialFocused incubationof new businesses


CONSUMER (GCPL)Consolidated Financial Highlights:

Particulars Q4 FY 2012-13` crore

Q4 FY 2012-13 growth %

FY 2012-13` crore

FY 2012-13 growth %

Net Sales 1716 30% 6391 32%

EBITDA 279 12% 1015 16%

Net Profit(after minority interest)

334 73% 796 10%

Business Highlights:• Indian Sub-continent business grew 18% in Q4 FY 2012-13, with strong growth across the categories.

• Home care - Household insecticides sales value grew +26%, 2.1x of the category growth.• Personal wash - Soaps sales value grew +17%, 1.3x of the category growth.• Hair Care - Hair colours sales growth at +27%, 2x of the category growth.

• International business, organic grew 23% in Q4 FY 2012-13.• Indonesia and UK businesses continue to do well.• Scale up of Africa business continues and new product launches driving strong growth in Argentina.

• Positive response to recently launched Hit Anti Roach Gel in India.• Declared fourth interim dividend of ` 2/- per share in FY 2012-13.


CHEMICALSProduct Portfolio Q4 FY 2012-13

Revenue distribution by CategoryQ4 FY 2012-13

Fatty Acids

41.8%

Fatty Alcohols

38.3%

Glycerin

4.7%

Surfactants

14.1%

Others

1.2%

Domestic

` 188 crore

(57%)

Exports

` 141 crore

(43%)

• The performance of the Chemicals business wasimpacted due to difficult global economic environmentand also on account of raw material price fluctuation.

• Exports at ` 141 crore in Q4 FY 2012-13.• Now exporting to 80 countries

• Exports for FY 2012-13 stood at ` 515 crore

• The new manufacturing facility at Ambernath isprogressing well and is on schedule

• Expected to be operational in Q3 FY 2013-14

` Crore Q4 FY 2012-13 Amount

Q4 FY 2011-12Amount

FY2012-13 Amount

FY2011-12Amount

Revenue 329 334 1324 1284

PBIT 21 37 66 120

Highlights:


REAL ESTATE Godrej Properties Limited (GPL) - Consolidated Financial Highlights:

Business Highlights:• Sustained new deal momentum with 3 new projects with 2.3 mn. sq.ft. of saleable area in Q4 FY 2012-13.

• Added a second redevelopment project at Sahakar Nagar, Chembur with 0.75 mn. sq. ft. saleable area.• Entered a joint venture agreement for 1.5 million sq. ft. saleable area at Undri, Pune.• A redevelopment project with approx. 95,000 sq. ft. saleable area in Malad, Mumbai.

• Launched flagship commercial project at Godrej BKC, Bandra-Kurla Complex, Mumbai

Awards and RecognitionsReceived eight awards in Q4 FY 2012-13 viz.: Popular Choice Developer of the year; Brand LeadershipAward; Innovative Real Estate Marketing Campaign; Integrated Township of the year – Godrej Garden City;Best Upcoming Township Award – Godrej Anandam; Best Developer Award (Rest of Maharashtra) – GodrejAnandam; Safety Award – Godrej Garden City; and Safety Award – Godrej One.

Particulars Q4 FY 2012-13` crore

Q4 FY 2012-13growth %

FY 2012-13` crore

FY 2012-13growth %

Total Income 314 (16)% 1048 28%

Profit Before Tax 98 (2)% 289 45%

Net Profit(after minority interest)

53 34% 138 41%


AGRI BUSINESSGodrej Agrovet Limited (GAVL) - Consolidated Financial Highlights:

` Crore Q4 FY 2012-13 Q4 FY 2012-13 growth %

FY 2012-13 FY 2012-13Growth (%)

Total Income 672 15% 3101 26%

Operating Profit 21 25% 155 22%

Animal Feed

• India’s largest commercial feed miller

• Market leader in cattle, poultry and aqua feed

• Bangladesh JV with ACI

Poultry (Godrej Tyson)• Market leader in

processed poultry, frozen snacks

• Partnered with Tyson Foods

Oil Palm

• Largest oil palm cultivator in India, with more than 50,000 hectares

• Operating in AP, TN, Goa, Orissa, Gujarat, Mizoram, Maharashtra, and Karnataka

AgriInputs

• Market leader in plant growth regulators, soil conditioners, cotton herbicides

• Strong pipeline of innovative products

Seeds

• Currently focused on maize, bajra, mustard and paddy

• Strong beginning to new business in FY13

Key Highlights


AGRI BUSINESSGodrej Agrovet Limited (GAVL) - Consolidated Financial Highlights:

2,460

3,101

0500

1,0001,5002,0002,5003,0003,500

FY 2011‐12 FY 2012‐13

126155

0

50

100

150

200

FY 2011‐12 FY 2012‐13

• Total Income increased by 26% in FY 2012-13 over FY 2011-12.

• Operating Profit increased by 22% in FY 2012-13 over FY 2011-12 despite tough market conditions

and weak monsoon.

• New capacity addition for Animal Feeds and Oil Palm.

• External environment continues to impact Godrej Tyson and ACI Godrej performance.

FY 2012-13 Consolidated Total Income (` crore) FY 2012-13 Consolidated Operating Profit (` crore)


AGRI BUSINESS ANIMAL FEED CONTINUES TO GROW DESPITE TOUGH MARKET CONDITION

• Sales increased by 33% in FY 2012-13 over FY 2011-12 primarily due to 31% growth

in aqua feed volume and 10% growth in cattle feed volume.

• Produced ~1.05 million MT of animal feed in FY2012-13

• Feed volumes increased by 3% in FY 2012-13 over FY 2011-12 despite drop in milk prices and lower broiler placements.

• New feed mill capacities commenced operations across India.

FY 2012-13 Animal Feed Sales (` crore)

1,293

1,748

2,323

0

500

1,000

1,500

2,000

2,500

FY 2010‐11 FY 2011‐12 FY 2012‐13

358

470553

0

100

200

300

400

500

600

Q4 FY11 Q4 FY12 Q4 FY13

Quarterly Animal Feed Sales (` crore)


AGRI BUSINESS

• Sales increased by 23% in FY 2012-13 over FY 2011-12 despite lower oil

prices due to 19% increase in Fresh Fruit Bunches (FFB) tonnage.

• New oil mill at Chintampalli, Andhra Pradesh commenced operations and further expansion in progress.

• Over 6,800 new hectares of oil palm plantations cultivated in FY2012-13. Total area coverage is ~ 45,000 hectares.

• Allotted new command area in Chhattisgarh.

FY 2012-13 Oil Palm Sales (` crore)

115

224275

0

50

100

150

200

250

300

FY 2010‐11 FY 2011‐12 FY 2012‐13

2123 24

0

5

10

15

20

25

Q4 FY11 Q4 FY12 Q4 FY13

Quarterly Oil Palm Sales (` crore)

DECLINE IN OIL PALM SALES DUE TO LOWER OIL PRICES


AGRI BUSINESS AGRI INPUTS DELIVERS STRONG GROWTH IN FY13 DESPITE WEAK MONSOON

• Sales increased by 17% in FY 2012-13 over FY 2011-12 despite a weak monsoon impacting the overall agrochemicals industry.

• HBR sales volumes increased by 49% in FY 2012-13 over FY 2011-12.• Zymegold granules volumes have grown by 104% in FY 2012-13 over FY 2011-12.• New product pipeline on track for FY2013-14 launches.

157

207243

0

50

100

150

200

250

300

FY 2010‐11 FY 2011‐12 FY 2012‐13

FY 2012-13 Agri Inputs Sales (` crore)

18

2730

0

10

20

30

40

Q4 FY11 Q4 FY12 Q4 FY13

Quarterly Agri Inputs Sales (` crore)


AGRI BUSINESS ACI GODREJ (BANGLADESH) IMPACTED DUE TO EXTERNAL ENVIRONMENT

• Sales in FY 2012-13 were lower by 4% over FY 2011-12 primarily due to bird flu in Bangladesh.

• Bird flu situation has improved in Q4 FY2012-13. However, external environment continues to be volatile.

• Strong growth in aqua feed volumes in FY2012-13.

FY 2012-13 ACI - Godrej Sales (` crore)

252

346 331

0

100

200

300

400

FY 2010‐11 FY 2011‐12 FY 2012‐13

72 74 81

0

20

40

60

80

100

Q4 FY11 Q4 FY12 Q4 FY13

Quarterly ACI-Godrej Sales (` crore)


AGRI BUSINESS GODREJ TYSON CONTINUES TO FOCUS ON YUMMIEZ ANDINSTITUTIONAL SALES

• Sales increased by 20% in FY 2012-13 over FY 2011-12.• “Yummiez” sales volume grew by 12% in FY 2012-13 over FY 2011-12• Sales volumes to Quick Service Restaurants increased by 18% in FY 2012-13

over FY 2011-12.• Business impacted by higher feed costs due to rise in price of corn and soya.• Capacity expansion at processing plants completed in FY2012-13

FY 2012-13 Godrej Tyson Sales (` crore)

229266

319

050

100150200250300350

FY 2010‐11 FY 2011‐12 FY 2012‐13

60 66

89

0

20

40

60

80

100

Q4 FY11 Q4 FY12 Q4 FY13

Quarterly Godrej Tyson Sales (` crore)


Godrej logo – ONE OF THE MOST TRUSTED BRANDS IN INDIA

In the recently published Brand Trust Report, 2013Godrej has been ranked the 6th most trusted Brand inIndia, up five places from last year.

• The Brand Trust Report, India Study, 2013 isthe result of a research based on 61 componentTrust Matrix.

• This year’s research was conducted among2505 ‘influencer’ respondents across 16 cities.

• The study covered nearly 3 million data pointsand 19000 brands.

• Indian Statistical Institute helped create astatistically robust Brand Trust Index which hasbeen used to hierarchically rank India’s brandson the basis of Trust.

TRANSFORMATION


2012 Economic Times “Great Place to Work” survey:

TRANSFORMATION – FOSTERING AN INSPIRING PLACE TO WORK

GILChemicals

Ranked in the top 50 companies with less than 1000 employees

GPL1st

in real estate industry

Overall rank #14

GCPL 1stin FMCG category

Overall rank #25

2012 Economic Times “Great Place to Work” survey:

Aon Hewitt Best Employer Study 2012

GCPL 4thoverall


TRANSFORMATION : INCREASED ENGAGEMENT SCORES

GODREJ IN TUNE RESULTS

High Performance/

Aon Hewitt Best Employer

Range

65%

DestructiveRange

SeriousRange

30%

100%0%

45%

GILAC * India 2012:76%

(previous year score 68%)

TSR* = 22% Above Average

Indifferent Range

High Performance/Aon Hewitt BestEmployer Range

* GILAC – Godrej Industries and associate companies


TRANSFORMATION : TRACTION ON ‘GOOD & GREEN’

ensuring employability

train 1 million rural

and urban youth in

skilled employment

creating agreener India

achieve zero waste,

carbon neutrality, positive

water balance and 30%

renewable energy

innovating for good & green

have a third of our

portfolio revenues

comprising good and/

or green products and

services

by 2020…

Beyond Business: Building a More Inclusive and Greener India


EMERGENT NATURES BASKET(FRESH FOOD AND GOURMET STORES)

• 27 stores across 6 key metros (Mumbai, Delhi, NCR, Pune, Hyderabad, and Bengaluru).• 2 new stores added in Q4, one each in Mumbai and in New Delhi.• New flagship property inaugurated at Bandra in Mumbai.• Overall 2500 new products introduced during FY 2012-13, taking up contribution from new

products to 9% of sales.

Financial Highlights:• Net Sales at ` 35 crore in Q4 FY 2012-13 and ` 128 crore in FY 2012-13 .

• Growth in Q4 FY 2012-13 over Q4 FY 2011-12 : 49%.• Growth in FY 2012-13 over FY 2011-12 : 56%.

Awards and Recognitions:• Won two prestigious Industry Awards at the prestigious Asia Retail Congress in Q 4.• Award for Retail Excellence – Retailer of the year (food & grocery)


EMERGENT

GODREJ SEEDS HAD AN EXCELLENT FIRST YEAR IN FY 2012-13

• FY2012-13 sales of ` 19 crore.

• Current sales volume mix is 71% maize, 14% SSG, 9% paddy and 6% others.

• Strengthened sales channel through appointment of additional distributors.

• Continuing to strengthen management team.

• Looking to enter new geographies in next Kharif season.

• Launching R&D programs for bajra, pigeon pea and specialty maize.


OTHER INFORMATION


GODREJ INDUSTRIES LIMITEDCORPORATE STRUCTURE

Own Businesses:

Chemicals, Estate Management,Finance & Investments

Shareholding %

Godrej Properties61.5%

Godrej Agrovet63.7% Others

• Nature’s Basket (100%)

• Other investments

Godrej Consumer Products21.6%


SIGNIFICANT APPRECIATION IN INVESTMENT VALUE

Company BusinessHolding

(%)

Investment at cost

(` crore)

Market Value ^ of investment

(` crore)

Godrej Consumer Products (GCPL)

FMCG, Personal and Household Care products 21.6% 693 5,740

Godrej Properties (GPL)

Real Estate and Property Development 61.5% 230 2,539

Godrej Agrovet Animal Feed, Agri-inputs, Poultry & Oil Palm 63.7% 151

Godrej International International Trading 100% 15Godrej International & Trading

International Trading & Investments 100% 4

Godrej Vikhroli LLP Real Estate and Property Development 40% 79

Natures Basket Fresh Food & Gourmet Stores 100% 71

Others -- 39Total 1,282

^ as on March 31, 2013

Market Value of GIL’s investment in GCPL + GPL increased by ` 1,860 crore (29%) in FY 2012-13


SHAREHOLDING PATTERN AS ON MARCH 31, 2013

Category Shares held (nos.) % of holding

Promoter holding 25,12,34,174 74.96

Institutional investors :

- Mutual funds & UTI 60,87,512 1.82

- Banks, financial institutional investors & Insurance companies 53,67,214 1.60

- Foreign Institutional Investors 3,56,04,385 10.62

Others :

- Private corporate bodies 1,31,35,910 3.92

- Indian Public 2,28,74,970 6.82

- NRI/OCBs 8,61,752 0.26

Total 33,51,65,917 100.00


THANK YOU FOR YOUR TIME AND CONSIDERATION

Date post:	28-Apr-2018
Category:	Documents
Upload:	lephuc
View:	216 times
Download:	1 times

GIL Q4 & FY 2012-13 Performance Update - Alpha...

Documents